FINANCE Documents

Showing 1 to 30 of 127

Objective: Assess the forecasts accuracy in the future-Probability of more or less accuracy.
Steps:
Estimated parameters with previous data and estimated future PMAFE;
Based on the estimated values of PMAFE, identified the two extreme decilesanalysts
expe

Introduction& MethodologyMO
This article is titled how important is past analyst forecast accuracy by Brown 2001.
Many analysts rankings are based on past forecast accuracy, however we must
question the reliability of this method. Other models exist, for

The data adopted including the stock price index, inflation, P/E ratio and earnings are taken from
Shiller database. And the whole time period is from 1871 to 2004. Monthly P/E ratios are
calculated using each months real price and one-year trailing earni

Q. How can you quantify the commercial value of the audit
both to the company being audited and to the wider capital
market?
RD: The bigger picture view of assigning a value to the audit is
lowering the cost of capital. This cost is higher for entities t

1. Introduction
This paper tests the weak form of market efficiency using Moving Average rules. Two trading strategy
are applied in this analysis. Firstly, a Moving Average rule is applied to the S&P00 covering the
period 2001-2013. Findings suggest that

1. Introduction
This study aims to explore various portfolio optimization techniques in the mean-variance analysis space
taking extra care to address the fundamental issues of modern portfolio theory. In order to account for
estimation error, we assess th

[Type here]
FIN41360: Portfolio and Risk Management
Assignment 2
Lecturer: Dr. Valerio Pot`
17 April 2015
Market Risk Modeling
We declare that all materials included in this project are the end result of our own
work and that due acknowledgement has been

FIN41360: Portfolio and Risk Management
Assignment 3
Lecturer: Dr. Valerio Pot`
25 March 2015
Credit Risk Model
We declare that all materials included in this project are the end result of our own
work and that due acknowledgement has been given in the bi

Scanned by CamScanner
Scanned by CamScanner
Scanned by CamScanner
Scanned by CamScanner
Scanned by CamScanner
Scanned by CamScanner
Scanned by CamScanner
Scanned by CamScanner
Scanned by CamScanner
Scanned by CamScanner
Scanned by CamScanner
Scanned by Ca

Scanned by CamScanner
Scanned by CamScanner
Scanned by CamScanner
Scanned by CamScanner
Scanned by CamScanner
Scanned by CamScanner
Scanned by CamScanner
Scanned by CamScanner
Scanned by CamScanner
Scanned by CamScanner
Scanned by CamScanner
Scanned by Ca

Scanned by CamScanner
Scanned by CamScanner
Scanned by CamScanner
Scanned by CamScanner
Scanned by CamScanner
Scanned by CamScanner
Scanned by CamScanner
Scanned by CamScanner
Scanned by CamScanner
Scanned by CamScanner
Scanned by CamScanner
Scanned by Ca

Chapter 14
Financial Forecasting and
Planning
Learning Objectives
1. Use the percent of sales method to
forecast the financing requirements of a
firm.
2. Describe the limitations of the percent of
sales forecast methods.
3. Prepare a cash budget and use i

Utility Theory Continued .
Optimizing a Portfolio
In the first two examples we assumed that the investor had only two options: do nothing or invest
all of his money in a risky asset. In this example we use the same kind of utility functions as
in examples

CAPM and Factor Models
Systematic Risk
CAPM imposes a structure on the expected return of an asset and so also imposes a structure on
the random return of the asset. We can write the random return of an asset i as
e
ri = r f + i e
rm r f + ei
Applying CAP